Chordia Food Products Ltd

Chordia Food Products Ltd

₹ 84.5 2.84%
22 Nov - close price
About

Incorporated in 1960, Chordia Food Products
Ltd manufactures and sells processed foods[1]

Key Points

Product Portfolio:
a) Pickles:[1]
Special Pickles, Pravin Pickles, Navin Pickles, Toofan Pickles under Mango, Lime, Chilli, Mix Pickles, etc.
b) Ketchup:[2]
Red Chilli Sauce, Green Chilli Sauce and Chilli Garlic Sauce, and Mango Chutney
c) Instant Mixes:[3]
Gulab Jamun Mix, Idli Mix, Dhokla Mix
d) Regional:[4]
Fiery Red Thecha, Murabba / Chunda
e) Others:[5]
Custard Powder, Milk shake, Syrups & Squashes

  • Market Cap 34.0 Cr.
  • Current Price 84.5
  • High / Low 115 / 79.4
  • Stock P/E 47.9
  • Book Value 37.1
  • Dividend Yield 0.00 %
  • ROCE 7.37 %
  • ROE 5.66 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -44.4% over past five years.
  • Company has a low return on equity of 1.75% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.66 0.62 0.67 0.71 0.78 0.65 0.72 0.81 0.85 0.79 0.78 0.82 0.81
0.32 0.41 0.51 0.39 0.39 0.38 0.42 0.33 0.31 0.34 0.32 0.37 0.36
Operating Profit 0.34 0.21 0.16 0.32 0.39 0.27 0.30 0.48 0.54 0.45 0.46 0.45 0.45
OPM % 51.52% 33.87% 23.88% 45.07% 50.00% 41.54% 41.67% 59.26% 63.53% 56.96% 58.97% 54.88% 55.56%
0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.05 0.06 0.06 0.05 0.04 0.04 0.04 0.02 0.01 0.01 0.02 0.02 0.02
Depreciation 0.22 0.22 0.22 0.22 0.22 0.22 0.23 0.22 0.22 0.20 0.20 0.23 0.23
Profit before tax 0.07 -0.07 -0.12 0.05 0.13 0.04 0.03 0.24 0.31 0.24 0.24 0.20 0.20
Tax % 28.57% -57.14% 0.00% -20.00% 30.77% 25.00% 0.00% 29.17% 25.81% 16.67% 16.67% 25.00% 25.00%
0.05 -0.03 -0.12 0.05 0.08 0.03 0.03 0.17 0.23 0.20 0.20 0.16 0.15
EPS in Rs 0.12 -0.08 -0.30 0.12 0.20 0.08 0.08 0.42 0.58 0.50 0.50 0.40 0.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
31.56 35.02 39.60 41.32 51.90 59.16 60.58 65.48 76.33 2.61 2.86 3.23 3.20
27.89 31.11 36.22 38.73 49.97 52.08 54.62 61.85 73.08 1.54 1.59 1.30 1.39
Operating Profit 3.67 3.91 3.38 2.59 1.93 7.08 5.96 3.63 3.25 1.07 1.27 1.93 1.81
OPM % 11.63% 11.17% 8.54% 6.27% 3.72% 11.97% 9.84% 5.54% 4.26% 41.00% 44.41% 59.75% 56.56%
1.30 0.27 3.18 0.80 0.04 0.08 0.02 0.06 0.04 0.00 0.03 0.00 0.00
Interest 0.88 0.95 1.04 1.45 1.40 1.11 1.04 0.54 0.65 0.22 0.16 0.06 0.07
Depreciation 0.91 0.89 0.85 1.17 1.29 2.08 2.08 2.08 1.75 0.89 0.89 0.84 0.86
Profit before tax 3.18 2.34 4.67 0.77 -0.72 3.97 2.86 1.07 0.89 -0.04 0.25 1.03 0.88
Tax % 23.58% 29.49% 29.55% 32.47% 0.00% 24.43% 27.62% 29.91% 31.46% 0.00% 28.00% 22.33%
2.43 1.66 3.29 0.52 -0.72 3.01 2.08 0.75 0.62 -0.04 0.19 0.80 0.71
EPS in Rs 8.10 5.53 10.97 1.73 -2.40 10.03 5.20 1.88 1.55 -0.10 0.48 2.00 1.78
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -21%
5 Years: -44%
3 Years: -65%
TTM: 6%
Compounded Profit Growth
10 Years: -7%
5 Years: -18%
3 Years: 9%
TTM: 54%
Stock Price CAGR
10 Years: 5%
5 Years: -2%
3 Years: -2%
1 Year: -14%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2.98 2.98 2.98 2.98 2.98 2.98 4.03 4.03 4.03 4.03 4.03 4.03 4.03
Reserves 26.36 28.02 31.32 31.83 29.36 29.85 30.87 31.63 32.24 10.59 9.71 10.51 10.81
3.49 8.51 6.73 8.94 8.23 10.60 7.00 4.43 6.63 1.54 0.88 0.43 0.24
4.96 5.22 7.17 7.44 8.16 7.52 5.81 7.16 8.36 0.62 1.70 1.53 1.61
Total Liabilities 37.79 44.73 48.20 51.19 48.73 50.95 47.71 47.25 51.26 16.78 16.32 16.50 16.69
10.42 10.98 11.08 12.13 12.21 21.63 19.94 17.92 17.96 13.02 12.16 11.63 11.33
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.00
Investments 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.04 0.03 0.01 0.01 0.18 0.18
27.35 33.73 37.10 39.04 36.50 29.29 27.74 28.79 33.27 3.75 4.15 4.69 5.18
Total Assets 37.79 44.73 48.20 51.19 48.73 50.95 47.71 47.25 51.26 16.78 16.32 16.50 16.69

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3.38 1.74 3.00 6.94 2.83 1.97 5.66 3.82 -0.49 1.46 2.21 0.69
1.68 -12.45 -0.95 -9.46 -1.37 -0.38 -0.38 -0.58 -1.28 -0.01 -0.02 -0.20
0.00 5.02 -1.79 2.22 -2.11 -1.54 -4.41 -2.53 1.62 -2.32 -0.82 -0.81
Net Cash Flow 5.06 -5.69 0.27 -0.30 -0.65 0.06 0.87 0.71 -0.15 -0.86 1.37 -0.32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 21.51 21.26 21.20 18.90 16.95 87.67 69.47 43.48 32.85 107.68 109.76 99.44
Inventory Days 156.01 136.65 138.28 200.04 135.05 124.36 114.13 136.02 94.01
Days Payable 47.59 45.49 69.77 95.63 73.48 55.89 35.98 38.47 26.21
Cash Conversion Cycle 129.94 112.42 89.71 123.31 78.52 156.14 147.62 141.03 100.65 107.68 109.76 99.44
Working Capital Days 179.49 170.10 94.29 107.86 67.37 129.50 123.09 108.14 109.22 359.41 167.19 248.61
ROCE % 9.47% 9.10% 6.88% 5.24% 1.61% 12.02% 9.23% 3.93% 3.71% 0.61% 2.47% 7.37%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.34% 72.34% 72.34% 72.33% 72.33% 72.33% 72.33% 72.33% 72.33% 72.33% 72.31% 72.26%
27.66% 27.66% 27.66% 27.66% 27.66% 27.68% 27.66% 27.67% 27.66% 27.66% 27.69% 27.73%
No. of Shareholders 3,5953,5593,5473,7343,7903,6483,5993,5413,5093,5343,5463,545

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